Yesterday in Baku with participation of President Ilham Aliyev there was an inauguration of a new five star hotel - Four Seasons Hotel Baku. The hotel has 171 rooms, including 27 luxury rooms and two rooms for VIPs.
The rooms are furnished and decorated in a classic style and most of them offer a panoramic view of the Baku Bay.
The hotel's design is full of national elements. All the halls bear the names of Azerbaijani mughams (national music): a large hall for up to 500 people is named Segah and the others are Rast, Shur, Chahargah, Bayati-Shiraz, Humayun and Shushter.
Note that this hotel is built in the area adjacent to the Icheri Sheher - the historical center of Baku. During the construction of the hotel they demolished a number of architectural buildings, described as historic monuments. Concern about the damage of the historical reserve Icherisheher was expressed by local NGOs and even UNESCO. -06D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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